Felix Kilonzo

Uganda’s fiscal year 2013/14 was set in line with the current global economy that according to finance Minister Maria Kiwanuka, GDP grossly impacted in the drafting of the fiscal expenditures. In her speech, Kiwanuka said ‘the framework has been developed in line with the recent trends in the domestic, regional and international economy.’ She farther added that the framework has been impacted by GDP sluggish recovery of the global economy, the performance of domestic revenues and expected level of external support from development partners. Important points to note are as follows, the Uganda Government roots to fund the budget locally amounting 81.1% representing Ugsh10,509billion while it expects Ugsh2,660 billion in external aid representing close to 20% of the total Budget in the FY2013/14. However the Treasury projects that the Taxman is expected to remit UShs8,486bn in form of taxes and Non-Tax Revenues of UShs275bn in addition projecting it at Ugsh8,761 representing 83.37% of the

The Uganda Budget which was unveiled at the Parliament buildings by the Finance Minister Maria Kiwanuka was said to be in line with the new blue print of vision 2040. In her opening remarks to the long budget speech Kiwanuka said that the budget seeks to provide a roadmap to transform Uganda from a low income to a modern middle income country within 30 years. The NRM government underlines that Vision 2040 requires a fundamental change on the way of doing things by Government and the Private Sector, to unlock the binding constraints to Uganda’s progress. Like Kenya’s Treasury Secretary Henry Rotich,  Kiwanuka noted to the Uganda Parliament that the budget is faced by several constraints and however the challenges are to be dealt with positively. “There are no quick answers to the challenges that face us today. The economic and social challenges we are working to address happened over several years and will take time to resolve. This requires patience and coordination. The Financial Year

Kenya presented its Kes1.642b fiscal budget with the aim of fostering the economic posterity in the growing economy as we are the process of realizing the set vision 2030. The cabinet secretary for National treasury Rotich began his speech the statement that Majority of Kenyans are still food insecure and the government is in the aim of creating more jobs for the youth and women. The cabinet secretary farther underlined that the key issue in the budget reading is how the state plans revenue to finance the trillion budget and track the controlled economy as the country sets its foot on the devolved system of governance. Kenya projected that the global economic growth is expected to grow by 3.3% in 2014 and denotes that it remains resilient of 4.6% of 2012/3. The jubilee government however projects the economic growth to 5.8% and also plans to create a million jobs yearly. As the country resiliently fights to curb the growing territorial insurgency the government invested heavily on the

STATEMENT DELIVERED TO THE BUDGET AND APPROPRIATION COMMITTEE OF THE NATIONAL ASSEMBLY ON 13THJUNE, 2013, BY MR. HENRY K. ROTICH, CABINET SECRETARY FOR THE NATIONAL TREASURY, REPUBLIC OF KENYA, WHEN HIGHLIGHTING THE BUDGET POLICY AND REVENUE RAISING MEASURES FOR FISCAL YEAR 2013/2014 1ST JULY, 2013 TO 30TH JUNE, 2014 ________________________________________ 1. INTRODUCTION 1.1. Overview 1. Hon Members, it is a great honour and privilege to present the highlights of the first budget of the Administration of H.E the President, Hon Uhuru Kenyatta, in accordance with section 40 (1) and (2) of the Public Finance Management Act, 2012, and Standing Order No.241 of the National Assembly. 2. But before I proceed, Hon Members, allow me to take this early opportunity to express my sincere gratitude to His Excellency the President for appointing me as Cabinet Secretary for the National Treasury and entrusting me with the important task of spearheading our agenda of transforming and elevating

Politics is a game of numbers and I hope Lands secretary Charity Ngilu can really confirm that after she lost in the last general election to make her politically irrelevant to the People of Ukambani. On this paradigm the recent developments in the senatorial race in Makueni County clearly confirm that Ngilu is not only irrelevant but technically unwanted kind of a leader in the lower eastern leadership.                                                                                                                                            Tweet               I believe the ‘yes am running’ statement given by Nduku Kilonzo on Sunday was a forced yes from the voice of Ngilu whom the lower Eastern residents term as a ‘betrayer’ in their political direction. Kethi Kilonzo- Makueni Senate Hopefu I believe the standard newspaper went a mile farther and captured the perception by the voters in Makueni County and as I had expected its hard to force things on people. In the onlin

                                                                                                   Tweet I wish to add my voice of the turn of events in Makueni County senate race that is mutating each and everyday. I wish Nduku Kilonzo really understands what politics are and what the dynamics are. Politics is not like being appointed to be a cabinet secretary as Charity Kaluki Ngilu is. Politics is being approved by the majority of the registered voters in the area you wish to represent in either parliament, senate, presidency, gubernatorial or even the least of the county jobs which is county representative. Yesterday’s declaration by Nduku kilonzo while in Machakos town that she would be in the race for the Makueni senatorial seat, takes people at a surprise and the main questions lies here, is she in good terms with the Wiper political party which was held by her husband? Honestly, I confess that I had never known Mutula Kilonzo had a wife until he died. But I knew of m

                                                                                                   Tweet   The implementation of the 4 goals of the East African treaty that established the East African community is saddening. The EAC treaty signed between Kenya, Uganda and Tanzania in 1999 called for phased change that would eventually unite the region in to one political federation.  With the signing of the customs union in 2005 that ensured regulation of trade tariffs within the 3 member state later joined by Rwanda and Burundi, replacing it with the common market protocol treaty also known as the Kampala treaty signed in 2009 and came into effect in 2010, the implementation of the 3rd goal post seems to be far from over. The ultimate goal was to have a common political federation of the region but at this rate one is deemed to believe that would be in 20 years to come. The implementation of the Monetary Union that was supposed to be in place by the end of 2012 is a subject